About us

PM&Partners is one of the leading private equity managers in Italy.

PM&Partners invests in mid-sized Italian companies (sales between Euro 30 and 300 million).

PM&Partners acquires majorities or qualified minorities in buy-out/buy-in and growth capital transactions with the objective to create value in the medium term.

Since 2000, PM&Partners’ Team has raised over Euro 500 million from Italian and foreign institutional investors. The company is based in Milan and Rome.

PM&Partners will consider investment opportunities in various industries including mechanical engineering, pharmaceutical, cosmetics, consumer goods, food, packaging and services.

Value Creation

PM&Partners is an active shareholder and provides continuous support to portfolio companies.

Management
 

PM&Partners, where necessary, provides support in identifying and selecting managers with the appropriate skillset required for the company development and incentivizes management by aligning their interests with the shareholders.
 
 
 
 
 
 

Strategic Contribution and Network

PM&Partners provides guidance to management and entrepreneurs by sharing and providing support for new strategic decisions, consolidation and penetration of new markets, acquisitions, valuations and negotiation of structured financing plans. Moreover, PM&Partners provides its portfolio companies with access to its network of national and international contacts and appoints independent board members who provide knowledge and skills.

Add-on Opportunities

Thanks to its long standing experience in successfully investing in Italian companies, PM&Partners has a proactive approach to add-ons and leads management teams to source and analyze add-on opportunities and will manage the acquisitions to facilitate aggregations or market consolidation initiatives in its portfolio companies.
 
 
 

Systems, Controls and Reporting

PM&Partners believes that the information and control are significant value drivers that encourage rational, informed, fact-based decision making. PM&Partners assists with the implementation of high quality systems and the adoption of relevant key performance indicators that ensure an efficient business structure.
 
 
 

Investments

Portfolio Funds PM&Partners I & II
  • Aggregated sales: Euro 1.260 million
  • Number of deals: 15
  • Add-ons: 17
    Euro 1.260 M 1260M
    15 44%
    17 50%
    Sector
    Consumer Goods:25%
    Industrial Manufacturing:47%
    Pharmaceutical: 11%
    Services: 17%
    Transaction Type
    Primary: 60%
    Secondary: 37%
    Delisting: 3%
    Majority / minority
    Majority: 82%
    Minority: 18%
    Entreprenuer Re-investment
    Yes: 73%
    No: 27%

    Team

    PM&Partners investment team is composed by professionals with an accumulated experience in the private equity sector of approximately 70 years, the members have different and complementary backgrounds, including industrial, consultancy, investment banking and corporate finance experience. The Team has completed over 30 private equity transactions.

    Andrea Mugnai
    Andrea MugnaiFounding Managing Partner
    2000 PM&Partners
    1998 Abn Amro Capital Investments (Italy), Investment Director, Rome/Milan
    1992 Sofipa, Head of the Leveraged/Management Buy-out team, Rome
    1990 Pricewaterhouse, Auditor, Roma
    Degree in Economics, Università “La Sapienza”, Rome; Auditor and Chartered Accountant
    Massimo Grasselli
    Massimo GrasselliManaging Partner
    2004 PM&Partners
    2001 Centrobanca Sviluppo Impresa SGR, CEO, Milan. Centrobanca, Deputy General Manager in charge of Private Equity, Milan
    1998 Palamon Capital Partners, Partner, London
    1994 Morningside Italia (family investment fund), President and CEO, Milan
    1991 Lawson Mardon Group, Director and Senior Vice President Industrial Operations, Toronto/London
    1989 Bain & Co., Partner, Milan
    1985 McKinsey & Co., Engagement Manager, Milan
    1982 Arthur D. Little, Consultant, Milan
    Degree in Electronics Engineering, Università degli Studi di Pavia MBA, IMEDE, Lausanne
    Giulio Agostini
    Giulio AgostiniIndependent board member
    2000 today Board member of serveral Italian companies
    1991 Senior Vice President and worldwide CFO 3M Corporation USA
    1986 3M Italia Holding, Executive MD
    1972 3M Italia, CFO
    1970 3M Italia, Controller
    1966 Ferrania 3M, Controller
    Degree in Economics and Business, University of Perugia
    Riccardo Rainone
    Riccardo RainonePartner
    2003 PM&Partners
    1997 Credit Suisse First Boston, Vice President, London/Milan
    1995 Gallo Advisories, Associate, Milan
    Degree in Economics, Università “L. Bocconi”, Milan
    Andrea Maralla
    Andrea Maralla Partner
    2009 PM&Partners
    2001 Athena Private Equity Fund, Mediobanca, managed investments and served as director in several participated companies
    1994 Extraordinary Finance and Valuation Consultant
    1991 Quantum S.r.l., Strategic Consultancy and Restructuring
    Degree in Economics, Università “L. Bocconi”, Milan; Auditor and Chartered Accountant
    Renato Ridella
    Renato RidellaPartner
    2016 PM&Partners
    1997 A.T. Kearney, Partner
    1995 RCS, CFO Films & TV Division
    1994 RCS, Head of Business Development and Acquisitions
    1992 Antibioticos (Montedison) Marketing and Business Development Director
    1989 Antibioticos (Montedison) Controller
    1988 Farmitalia Carlo Erba/Erbamont (Montedison) Manager, Market Planning
    1986 Montedison Financial Analyst, M&A
    Degree in Economics, Università “L. Bocconi”, Milan
    Gianluca Caporaso
    Gianluca CaporasoInvestment Manager
    2011 PM&Partners
    2008 Eni, Analyst, Milano
    2007 Mediobanca, Analyst, Milano
    Degree in Economics, Università Luiss Guido Carli, Rome
    Stefania Lotto
    Stefania LottoInvestment Manager
    2016 PM&Partners
    2015 Amazon Inc, Vendor Manager
    2011 Gradiente SGR, Investment Associate
    2010 Pricewaterhousecoopers Advisory, Consultant
    MBA, SDA Bocconi and Degree in Business Administration, University of Padova

    Angelo Sfregola
    Angelo SfregolaChief Financial Officer
    2007 PM&Partners
    2005 Gruppo Finnat, Rome
    1994 Sofipa, Rome
    1991 Federici & Sterling, Rome
    1988 Italiana Costruzioni S.p.A., Rome
    Accountant diploma, Rome
    Tjitske van der Graaff
    Tjitske van der GraaffTax&legal and Reporting Manager
    2000 PM&Partners
    1998 Abn Amro Capital Investments (Italy), Rome
    1996 Sofipa, Rome
    Degree in International Affairs, John Cabot University, Rome